Nigerians are keeping a close eye on the value of the US Dollar against the Naira, particularly in the unofficial foreign exchange market, often referred to as the black market or Aboki FX.
Recent data from currency traders in Lagos shows that in the parallel market, one US Dollar is currently being sold for ₦1,480 and bought for ₦1,476 as of Sunday, January 4, 2026. These rates reflect the ongoing trading activity among Bureau De Change (BDC) operators.
It is important to note that transactions in the parallel market are not sanctioned or regulated by the Central Bank of Nigeria (CBN). The apex bank continues to advise both individuals and businesses to conduct foreign exchange transactions strictly through authorized banks and official channels to ensure security and compliance.
Dollar to Naira Black Market Rates (Parallel Market)
- Selling Rate: ₦1,480
- Buying Rate: ₦1,476
Dollar to Naira Official CBN Rates
- Highest Rate: ₦1,438
- Lowest Rate: ₦1,427
Foreign exchange rates are subject to slight variations depending on factors such as location, transaction volume, and market demand at the time of exchange. Users should consider these fluctuations when engaging in currency trades.
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